NZDUSD: Attempting longs is risky business
Just a monthly map of this pair. I think attempting NZD longs is dangerous business and I wouldn't want to be a part of it.
It might retrace, and if it does, the red line above is a perfect level to place sell orders.
This pair is not behaving like AUDUSD, which shows up in AUDNZD as well, which is in a strong uptrend towards the longterm mode of said pair's historical chart.
Keep an eye on NZD pairs, I'm sure you'll see they are constantly weak for a long time.
Cheers,
Ivan.
It might retrace, and if it does, the red line above is a perfect level to place sell orders.
This pair is not behaving like AUDUSD, which shows up in AUDNZD as well, which is in a strong uptrend towards the longterm mode of said pair's historical chart.
Keep an eye on NZD pairs, I'm sure you'll see they are constantly weak for a long time.
Cheers,
Ivan.
Trade closed: target reached
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.